TRAVEL FOOD SERVICES LTD (AS NOW SNVK HOSPITALITY AND MANAGEMENT PVT LTD MERGED WITH TRAVEL FOOD SERVICES LTD),MUMBAI vs. DCIT CIRCLE 8(3)(1), MUMBAI
Income Tax Appellate Tribunal, MUMBAI BENCH “E” MUMBAI
Before: SHRI OM PRAKASH KANT () & SHRI RAJ KUMAR CHAUHAN () Assessment Year: 2017-18
PER OM PRAKASH KANT, AM
This appeal by the assessee is directed against order dated
25.11.2024 passed by the Ld. Commissioner of Income-tax
(Appeals) [in short ‘t raising following grou
1. “The Ld Facele case in confirm
Rs. 20.83,649
in unjustified a 2. Your Petitioners all or any of afo
2. We have heard r relevant record. In t
Rs. 20,83,649/- mad
Income-tax Act, 1961
Rule 1962 [In short assessing officer has counsel for the asse earned during the ye the para 3 of the computation of the in was earned during t not dispute this fact.
coordinate bench of reported in (2024) 16
relied on the decisio
Sahara India Financ taxmann.com 165 (D will be made if no ex the year under consid
Tr
IT the Ld. CIT(A)’] for assessment unds:
ess CIT(A) has erred in law and on the ming the Daction of Assessing Officer in under section 14A of the Income Tax Ac and unwarranted.
s carve leave to add, amend, alter and/
oresaid grounds of appeal.”
rival submission of the parties a the ground raised, sole issue is de by assessing officer invoking
1 [In short ‘the Act’] r.w.r. 8D of ‘the Rules’]. This disallowance s been sustained by ld. CIT(A).
ssee submitted that no exemp ear under consideration. Ld. cou assessment order as well a ncome file to support that no ex the year under consideration. L
Ld. counsel further reled on the the Tribunal in the case of Wel
67 taxmann.com 720 ( Mumbai on of the Hon’ble Delhi High C cial Corporation Ltd. reported
Delhi), wherein it is held that n xempt income is earned by the deration.
ravel Food Services Ltd.
2
TA No. 423/MUM/2025
t year 2017-18, e facts of the n disallowing ct. The action
/or withdraw and perused the disallowance of g u/s 14A of the f the Income-tax es made by the . Before us, Ld.
ted income was unsel referred to as copy of the xempted income
Ld. DR also did e decision of the lspun Steel Ltd.
i-Trib) and also Court in case of in (2024) 168
no disallowances assessee during
Undisputedly, no assessee in the yea following the decisio Sahara India Financ made by the AO and ground of the appeal 4. In the result, appe Order pronoun (RAJ KUMAR C JUDICIAL M Mumbai; Dated: 18/03/2025 Disha Raut
Copy of the Order forward
1. The Appellant
2. The Respondent.
3. CIT
4. DR, ITAT, Mumbai
5. Guard file.
////
Tr
IT o exempted income has been ar under consideration, therefo on of the Hon’ble Delhi High C cial Corporation Ltd. (supra), th d sustained by the ld. CIT (A) of the assessee is accordingly a eal of the assessee is allowed.
ced in the open Court on 18/0
CHAUHAN)
(OM PRAK
MEMBER
ACCOUNTA ded to :
BY ORDER
(Assistant Re
ITAT, Mu ravel Food Services Ltd.
3
TA No. 423/MUM/2025
earned by the ore, respectively
Court in case of he disallowance is deleted. The allowed.
03/2025. KASH KANT)
ANT MEMBER
R, gistrar) umbai